Glossary entry

English term or phrase:

close trading

English answer:

buying at a low price and selling on a low margin

Added to glossary by Jenni Lukac (X)
Sep 15, 2012 19:32
11 yrs ago
1 viewer *
English term

close trading

English Other General / Conversation / Greetings / Letters
He was a man of uncompromising moral strength, coming into a
new country with a small stock of goods and supporting five people out
of it in comfort and security at least. He did it by ------------------------------close trading, ----------------------to
be' sure: he could not have done it save by close trading or dishonesty;
and as your grandfather said, a man who, in a country such as
Mississippi was then, would restrict dishonesty to the selling of straw
hats and hame strings and salt meat would have been already locked up by
his own family as a kleptomaniac.

Thank you!
Change log

Sep 15, 2012 19:32: changed "Kudoz queue" from "In queue" to "Public"

Sep 20, 2012 08:47: Jenni Lukac (X) Created KOG entry

Responses

+3
28 mins
Selected

buying at a low price and selling on a low margin

That's how I interpret it. The writer has stated that he wasn't dishonest so he must have been very diligent about not paying too much for what he later sold to his customers at a reasonable price.
Peer comment(s):

agree Veronika McLaren : That's how I would interpret it as well.
2 hrs
Thanks, Veronika. I hope you're having a good weekend.
agree Phong Le
1 day 6 hrs
Thanks very much, Phong.
agree Thuy-PTT (X)
1 day 11 hrs
Cheers and thanks, Thuy-PTT.
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4 KudoZ points awarded for this answer.
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